Terrence Healy
Chairman
Terry Healy was a student at Loyola University in Chicago in 1972 when he landed his first job as a union construction laborer after joining Local 2. He received a bachelor’s degree major in accounting then began employment with Illinois Bell Telephone Company until 1983 when he became an auditor for LIUNA. Within two years he was promoted to Assistant Regional Manager of the former Chicago Region until 1993 when he became the Great Lakes Regional Manager. At LIUNA’s 21st Convention in 1996, Terry was elected Vice President and has held this title ever since. He is a trustee for two labor-employer trusts and LIUNA’s Pension, Health & Safety and Training & Education Funds. He remains committed to labor-management cooperation, apprenticeship, training and education. He has served as an Illinois State AFL-CIO Vice President since 1994 and chaired the State of Illinois Procurement Policy Board from 2004-09.
Treasurer Michael W. Frerichs
Vice Chair
Michael Frerichs, State Treasurer of Illinois, has served on the Illinois State Board of Investment since 2015.
Treasurer Frerichs was elected to office in November 2014 as the 74th person to serve in this role where after spending just under one year in office, he was elected by his peers across the country to be on the National Association of State Auditors, Comptrollers and Treasurers’ Executive Committee. Treasurer Frerichs’ initiatives have centered on encouraging savings plans for college and trade schools, increasing financial education among all ages, removing barriers to a secure retirement, and protecting residents from predatory companies.
Treasurer Frerichs graduated with a B.A. from Yale University and continued on to attend National Cheng Kung University in Taiwan where he studied Mandarin Chinese while teaching English courses.
Comptroller Susana A. Mendoza
Member at Large
Susana A. Mendoza, Illinois State Comptroller, has served on the Illinois State Board of Investment since 2016.
Prior to her statewide election, she made history by becoming the first woman ever elected as Chicago City Clerk. Originally elected in 2000 as the youngest member of the 92nd Illinois General Assembly, she was most notably recognized for her leadership and legislation on social services, education, law enforcement, job creation and animal welfare.
Comptroller Mendoza attended Truman State University, formerly Northeast Missouri State University, where she earned her Bachelor’s degree in Business Administration.
Matthew Brewer
Trustee
Mr. Matthew Brewer is a partner at the law firm of Bartlit Beck Herman Palenchar & Scott LLP. At the firm, Brewer practices commercial litigation in federal and state courts and advises clients on legal and business issues. He focuses on complicated business disputes with strategic significance, including contract, intellectual property, accounting, securities, Chinese regulatory matters, and other commercial disputes. Previously, he worked in the Chinese music industry as a consultant on marketing and intellectual property issues. Brewer has served as a Commissioner of the Chicago Housing Authority since 2013. He currently holds roles as Vice-Chair of the Board of Commissioners and Chair of the CHA Employees’ Retirement Plan Board of Trustees. Brewer earned a Bachelor of Arts from Stanford University, Juris Doctorate from Yale Law School, and Master of Business Administration from Harvard Business School.
Senator Robert Martwick
Trustee
Robert Martwick Jr. is a member of the Illinois Senate and has served the 10th District in this capacity since 2019. He is currently the Chairman of the General Assembly Retirement System and also practices as an attorney at the firm of Finkel, Martwick & Colson, P.C.
Prior to his experience above, Senator Martwick served as a Representative for the 19th District. He began his legal career as an Assistant State’s Attorney in the Cook County State’s Attorney’s Office. During his 5 years, he prosecuted various crimes including Delinquent Child Support, DUI and general misdemeanors, and spent 18 months as the lead prosecutor of the Domestic Violence Unit at the 2nd Municipal District courthouse.
Senator Martwick earned his Law Degree from The John Marshall Law School and his Bachelor of Arts degree in Economics from Boston College.
Elizabeth Sanders
Trustee
Ms. Elizabeth Sanders has over 35 years of experience in the banking and investment management industry. Most recently, she spent 20 years as a Managing Director and Client Relationship Manager at UBS Asset Management, where she was responsible for client relationships with institutional investors, until her retirement in 2016. She previously served as Chief Investment Officer of the Iowa Public Employees’ Retirement System for nearly five years. Ms. Sanders began her career in the institutional trust and asset management business at the Northern Trust Company and Harris Bank. She earned a Master of Business Administration in finance from DePaul University, a Bachelor of Science in psychology from St. Lawrence University, and the Chartered Alternative Investment Analyst (CAIA) professional designation.
Michael Tarnoff
Trustee
Mr. Michael Tarnoff retired in 2015 as the Executive Vice President and Chief Financial Officer of the Jewish Federation of Metropolitan Chicago (Federation), a position he held for 36 years. He continues to serve as a consultant to the Federation and many other 501(c)(3) charitable organizations. Mr. Tarnoff has served on the boards of Michael Reese Health Trust, Howard Area Community Center, Ness Healthcare and First Nonprofit Insurance Companies, as well as the FASB (Financial Accounting Standards Board) Nonprofit Advisory Committee. Mr. Tarnoff received his Master of Business Administration at Booth School at the University of Chicago.
Justice Debra Walker
Trustee
Judge Debra Walker is a 1982 University of Illinois College of Business graduate with an accounting degree and a 1987 University of Illinois College of Law alumna. Judge Walker was elected judge for the Circuit Court of Cook County in 2008. She is a past president of the Illinois Judges Foundation and has served on its board since 2015. Additionally, Judge Walker is a past president of the Illinois Bar Foundation and served on the board of the National Conference of Bar Foundations from 2013 to 2016. Walker received the Excellence Award from the NCBF in 2017. She is a past president of the Women’s Bar Association of Illinois and a 2012 recipient of its Mary Heftel Hooton Award. Prior to joining the bench, Walker was a partner with Clausen Miller, P.C., where she specialized in defending professionals sued for malpractice.
